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    1. December 26, 2014

      The short-term oil price play of Saudi Arabia

      As oil prices have plunged over the past six months, Saudi Arabia seemed to be flailing ineffectually against the tide of...

    2. December 23, 2014

      Saudis dig in to protect Opec’s market share

      Ali al-Naimi, the oil minister of Saudi Arabia, was in no mood to address reporters at Opec’s November meeting, refusing to...

    1. December 23, 2014

      Oil heavyweights differ on catalyst for crude price rebound

      Oil is going to rebound. That is the view of both Harold Hamm, a leading figure in the US shale industry, and Ali al-Naimi,...

    2. December 22, 2014

      Opec leader vows not to cut oil output even if price hits $20

      Opec will not cut production even if the price of oil falls to $20 a barrel, the cartel’s de facto leader said, spelling out...

    3. December 22, 2014

      Oil majors pump up FTSE 100

      Oil majors crowded at the top of a resurgent FTSE 100 on Monday, as crude prices held above $60 a barrel after Saudi...

    4. December 21, 2014

      Saudi Arabia and UAE blame oil rout on countries outside Opec

      Saudi Arabia and the United Arab Emirates on Sunday blamed the oil price rout on producers outside Opec and reaffirmed their...

    5. December 18, 2014

      Opec takes a big bet by holding output

      Robert Mabro, the veteran oil market observer, once said Opec should change its logo to a teabag “because it only works when...

    6. December 18, 2014

      Saudi oil minister says crude price falls are temporary

      Saudi Arabia’s oil minister has rejected claims that the kingdom is intent on pushing prices lower, saying the sharp falls...

    7. December 11, 2014

      US oil price below $60 a barrel

      US crude closed below $60 a barrel for the first time in five and a half years, sliding amid new concerns consumption will...

    8. November 27, 2014

      Oil plunges as Opec tests the mettle of US shale industry

      Opec threw down the gauntlet to US shale oil producers by deciding not to cut its production, in a move that sent the oil...

    9. November 26, 2014

      Opec Gulf members reach ‘consensus’

      Saudi Arabia – the leader of Opec and its largest producer – said it had “reached a consensus” with fellow Gulf producers...

    10. November 25, 2014

      Oil nations fail to halt fall in crude

      The price of oil fell by more than $1 a barrel after a meeting between some of the world’s largest oil-producing nations...

    11. October 14, 2014

      Saudi billionaire Alwaleed warns over impact of falling oil price

      A Saudi billionaire investor has sounded the alarm over the potential impact of falling oil prices on the Gulf kingdom’s...

    12. June 11, 2014

      Prospect of Iran’s return poses problem for Opec

      In the days before an Opec meeting the financial press pack descends on Vienna. The media fan out across the city hoping to...

    13. December 2, 2013

      Saudi oil minister plays down talk of cuts to Opec production

      Ali al-Naimi, the Saudi oil minister, dismissed the idea of cuts to Saudi production on Monday as he arrived in Vienna for...

    14. June 2, 2011

      Opec considers increase in oil output

      Opec’s oil ministers will discuss raising production quotas when they meet in Vienna next week, a sign the cartel is...

    15. May 19, 2011

      Oil: insipid IEA vs toothless Opec

      They were hardly quaking in Riyadh after Thursday’s stern press release from Paris. In a rare statement from its governing...

    16. December 20, 2010

      Chevron builds up steam in the Middle East

      At OPEC’s 50th anniversary summit in October, Ali Al-Naimi, Saudi Arabia’s powerful oil minister, was at pains to denounce...

    17. November 4, 2010

      Prices receive fillip from weak dollar

      Commodities from sugar and coffee to copper and palladium surged to their highest levels in years as the dollar fell against...

    18. October 19, 2010

      Minister highlights Saudi ‘easy oil’ strength

      Ali al-Naimi, Saudi Arabia’s oil minister, has rejected suggestions that the era of cheaply explored oil is over, saying...

    19. January 12, 2010

      Saudi craving for oil comes at a price

      As Saudi Arabia 's economy has grown in recent years, industrial capacity and car ownership have increased exponentially...

    20. January 11, 2010

      Saudi craving for oil comes at a price

      As Saudi Arabia’s economy has grown in recent years, industrial capacity and car ownership have increased exponentially with...

    21. September 11, 2009

      IEA remains wary as forecast for oil demand is revised up

      Global oil consumption will contract less than previously feared this year and grow strongly in 2010, the developed...

    22. September 10, 2009

      Fall in oil demand expected to slow

      Global oil consumption will contract less than previously feared this year and grow strongly in 2010, the developed...

    23. December 17, 2008

      Saudis call for biggest Opec output cut in bid to halt declining prices

      Saudi Arabia yesterday called for the biggest production cut in the history of the Opec oil cartel in an effort to counter...

    24. December 17, 2008

      Saudi Arabia calls for record oil output cut

      Saudi Arabia yesterday called for the biggest single production cut in the history of the Opec oil cartel in an effort to...

    25. December 16, 2008

      Saudis call for record cut in Opec output

      Saudi Arabia today called on Tuesday for the biggest production cut in the history of the Opec oil cartel in an effort to...

    26. June 24, 2008

      View of the Day - Michael Wittner, Société Générale

      The Jeddah oil summit, hosted by Saudi Arabia on Sunday, turned out to be little more than a talking shop which will do...

    27. March 7, 2008

      Opec fears being left with massive overcapacity

      From Mr Peter K. Seldin. Sir, Your editorial "The makings of an oil supply crunch" (March 5) implores the Opec oil...

    28. November 27, 2007

      Opec to discuss rise in output

      Oil extended its retreat to below $94 a barrel on Wednesday in Asia amid hopes of a rise in production by Opec and fear of a...

    29. September 11, 2007

      Crude prices volatile priorto Opec ruling

      Oil prices hit back after early losses yesterday amid mounting speculation over whether increases in production quotas...

    30. September 10, 2007

      Speculation over Opec move grows

      Oil prices retreated on Monday amid mounting speculation over whether increases in production quotas would be agreed by the...

    31. March 16, 2007

      Nickel shines but Opec prompts oil price fall

      Nickel continued its record-breaking run yesterday and copper rose strongly but crude oil fell after the Organisation of...

    32. March 15, 2007

      Nickel shines but Opec prompts oil price fall

      Nickel continued its record-breaking run Thursday and copper rose strongly but crude oil fell after the Organisation of the...

    33. February 13, 2007

      Oil price fall after Saudi 'shot across the barrel'

      Oil prices dropped more than $2 yesterday after Ali al-Naimi, the energy minister of Saudi Arabia, warned that the...

    34. January 18, 2007

      Oil prices hit 20-month low as cuts are ruled out

      US crude prices fell to their lowest in 20 months yesterday after Saudi Arabiaeffectively ruled out any prospect of an...

    35. January 17, 2007

      Oil sinks towards $50 level

      US crude prices fell to their lowest level in 20 months on Wednesday after Saudi Arabia effectively ruled out any prospect...

    36. January 17, 2007

      Saudi stand further pressures oil prices

      Oil prices sank to a 19-month low yesterday after Saudi Arabia rejected calls for an emergency meeting of the Organisation...

    37. January 17, 2007

      Crude falls after prospects of Opec output cuts fade

      US crude fell sharply yesterday after Saudi Arabia poured cold water on the prospect of an immediate production cut by the...

    38. January 16, 2007

      Market Overview: Saudi stand pressures crude

      Oil prices sank to a 19-month low on Tuesday after Saudi Arabia rejected calls for an emergency meeting of the Organisation...

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